singular_me
7th June 2014, 06:07 AM
Fvck*ng A
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Thursday 05 June 2014
Pope Francis’s battle to clean up the Vatican’s scandal-mired bank, the Institute of Religious Works (IoR), has entered a new stage, with his removal of the entire board of the Holy City’s financial watchdog.
Experts from Switzerland, Singapore, the United States and Italy to replace all-Italian group
The five Italians heading the Financial Information Authority (AIF) have been replaced with an international group of experts, including a woman, two years before they were supposed to step down. Vatican insiders say the drastic move followed clashes between the board members, who formed part of the old boys’ network and the body’s Swiss director, René Brülhart, an anti-money laundering expert, who remains in charge.........
The new board members are Juan Zarate, a Harvard law professor and former US presidential financial security adviser; Marc Odendall, a financial consultant to Swiss charities; Joseph Yuvaraj Pillay, the former head of the Monetary Authority of Singapore; and Maria Bianca Farina, the head of two Italian insurance companies.....
Last July Pope Francis also appointed a separate five-person commission to examine the overall management of the Vatican’s finances. But some critics said that instead of a breath of fresh air, they were Vatican insiders, all of whom had IoR bank accounts. Some of the commission members were reported to have personal connections to Carl Anderson, who is a member of the IoR’s board of directors and head of the wealthy Knights of Columbus, which has been described as the “Catholic masons”.....
According to the Corriere della Sera newspaper, four of the suspect accounts were linked to the Vatican embassies in Indonesia, Iran, Iraq and Syria. In a press conference as he was flying back from his trip to the Middle East, the Pope stressed he was committed to bringing “honesty and transparency” to the Holy See’s finances....
http://www.independent.co.uk/news/world/europe/pope-francis-sacks-entire-board-of-vaticans-financial-watchdog-9494834.html
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Thursday 05 June 2014
Pope Francis’s battle to clean up the Vatican’s scandal-mired bank, the Institute of Religious Works (IoR), has entered a new stage, with his removal of the entire board of the Holy City’s financial watchdog.
Experts from Switzerland, Singapore, the United States and Italy to replace all-Italian group
The five Italians heading the Financial Information Authority (AIF) have been replaced with an international group of experts, including a woman, two years before they were supposed to step down. Vatican insiders say the drastic move followed clashes between the board members, who formed part of the old boys’ network and the body’s Swiss director, René Brülhart, an anti-money laundering expert, who remains in charge.........
The new board members are Juan Zarate, a Harvard law professor and former US presidential financial security adviser; Marc Odendall, a financial consultant to Swiss charities; Joseph Yuvaraj Pillay, the former head of the Monetary Authority of Singapore; and Maria Bianca Farina, the head of two Italian insurance companies.....
Last July Pope Francis also appointed a separate five-person commission to examine the overall management of the Vatican’s finances. But some critics said that instead of a breath of fresh air, they were Vatican insiders, all of whom had IoR bank accounts. Some of the commission members were reported to have personal connections to Carl Anderson, who is a member of the IoR’s board of directors and head of the wealthy Knights of Columbus, which has been described as the “Catholic masons”.....
According to the Corriere della Sera newspaper, four of the suspect accounts were linked to the Vatican embassies in Indonesia, Iran, Iraq and Syria. In a press conference as he was flying back from his trip to the Middle East, the Pope stressed he was committed to bringing “honesty and transparency” to the Holy See’s finances....
http://www.independent.co.uk/news/world/europe/pope-francis-sacks-entire-board-of-vaticans-financial-watchdog-9494834.html